China Three Gorges acquires Spanish solar capacity for $214.52m

China Three Gorges acquires Spanish solar capacity for $214.52m

will pump Sembcorp’s renewable assets in the country to 583 megawatts

China‘s state-owned China Three Gorges has agreed to buy a portfolio of photovoltaic power assets in Spain worth about 200 million euros ($214.52 million), Spanish newspaper Expansion reported on Monday, citing unidentified market sources.

The Chinese utility has agreed to buy photovoltaic projects from Nexwell Group, a fund with renewable power assets around the world, with capacity of 619 megawatts (MW), the newspaper said.

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